REG - Vianet Group PLC - AGM Statement <Origin Href="QuoteRef">VNET.L</Origin>

VianetAnnouncement

06/09/2014 16:32

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20140715:nRSO2809Ma


RNS Number : 2809M
Vianet Group PLC
15 July 2014 
 
 Press Release  15 July 2014  
 
 
15 July 2014 
 
Vianet Group plc 
 
("Vianet" or the "Group") 
 
AGM Statement 
 
Vianet Group plc (AIM:VNET), the leading provider of real time monitoring
systems and data management services for the leisure, vending, and forecourt
services sectors, will be holding its Annual General Meeting today at 11.30
a.m., at the offices of Grant Thornton UK LLP, No 1 Whitehall Riverside,
Leeds, LS1 4BN. 
 
James Dickson, Chairman, will provide the following trading update at today's
meeting: 
 
"The first quarter of the current year has started largely as anticipated with
trading in the pub sector remaining flat ahead of the implementation of the
Statutory Code, which was announced by the Government in early June. 
 
"The Group's other business areas have made good progress.  In Vending
Solutions, our coffee vending telemetry systems have continued to make further
gains and Vianet Fuel Solutions is trading profitably. 
 
"The Board is pleased that the uncertainty around the Statutory Code is being
lifted as this has had, for some time, a detrimental impact on the Group's
core beer monitoring business.  Whilst the Company is satisfied with the
outcome, the Board remains conscious that the legislative implementation of
the wider Statutory Code may remain a distraction for our customers for a
period of time yet. 
 
"The Board is optimistic for the medium and long term prospects of the Group
and this confidence is reflected in its decision to maintain the final
dividend of 4p per share.  The Group's progress provides an encouraging
outlook for 2015 and the Board remains committed to delivering shareholder
value." 
 
- Ends - 
 
Enquiries: 
 
 Vianet Group plc                                        
 James Dickson, Chairman      Tel: +44 (0) 1642 358 800  
 james.dickson@vianetplc.com  www.vianetplc.com          
 
 
 Cenkos Securities plc                                    
 Stephen Keys / Mark Connelly  Tel: +44 (0) 20 7397 8900  
                               www.cenkos.com             
 
 
Media enquiries: 
 
 Abchurch Communications                                                                                                          
 Henry Harrison-Topham / Alistair de Kare-Silveralistair.dks@abchurch-group.com  Tel: +44 (0) 207 398 7715www.abchurch-group.com  
 
 
About Vianet 
 
The Vianet Group is focused on the provision of real time monitoring systems,
data management solutions and associated products for the leisure, vending and
petrol forecourt sectors.  Since its Admission to AIM in 2006, the Group has
grown from its core Brulines beer monitoring business both organically and
through strategic acquisitions to widen its offering to pub and bar retailers
with its industry leading product iDraught as well as developing new
businesses in vending telemetry, gaming machine data and petrol forecourt
services. 
 
Headquartered in Stockton-on-Tees, Vianet employs more than 230 people. For
further information, please visit www.vianetplc.com 
 
This information is provided by RNS
The company news service from the London Stock Exchange